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Economy

Car sales drop by 8.6% in January – May 2019

Total car sales observed a drop of 8.6% year on year in the period of January – May 2019 declining to 19,682 from 21,526...

High-end Cyprus residential property sales boom

The total number of high-end residential properties worth over €1.5 million each that were sold during 2018 reached 324, according to a PwC Cyprus...

Trade gap widens following decline in exports in Q1

The trade deficit of Cyprus widened significantly in the first three months of the year, rising by €360.7 mn, compared with the same period...

Yields for Cyprus ten-year bonds decline to new historic lows

Cyprus’ ten-year government bond yield dropped to new historic low levels pushing the island’s debt servicing cost lower. Cyprus’ ten-year bond yield in the secondary...

Limassol port an important source of revenue for Cyprus, President says

The Limassol port is one of the most advanced ports in the Eastern Mediterranean and constitutes an important source of revenue for Cyprus, President...

Cypriot economy grows by 3.2% in Q1 2019

The Cypriot economy grew by a rate of 3.2% in the first quarter of 2019, data released by the Cyprus Statistical Service on Friday...

From Ireland to Cyprus, euro zone countries hit record low yields

Several euro zone countries are seeing their borrowing costs hit their lowest levels on record as the European Central Bank opens the door to...

Widower’s pension bill to go back to the House

After a ‘battle’ between the island’s legislative and executive branches before the Supreme Court, the Ministry of Labour has again tabled a bill under...

Israel to set up regional entrepreneurship centre in Cyprus

Israel’s IDC college is to set up regional entrepreneurship centre in Cyprus aiming to be graduate school in innovation for Eastern Mediterranean nations, according...

GDP and employment rise in the euroarea EU28, Cyprus

Seasonally adjusted GDP rose by 0.4% in the euro area (EA19), by 0.5% in the EU28, by 0.9% in Cyprus and by 0.2% in...

Property sales rise sharply in Paphos and Limassol

The number of property sales in Cyprus rose sharply in May 2019 with Paphos and Limassol districts recording the highest number of transactions. And...

Deputy Minister says tourist arrivals expected to be lower than last year

Tourist arrivals this year will be slightly lower than in the previous year, according to Deputy Minister of Tourism Savvas Perdios who on Wednesday...

Number of registered unemployed falls an annual 23% in May

The number of registered unemployed in May fell to 22,336 persons compared to 22,851 in April, according to seasonally adjusted data the Cyprus statistical...

BT to close 90% of UK office locations

Britain's former telecoms monopoly and biggest broadband provider BT will consolidate its UK offices from 300 current locations to roughly 30 sites while moving...

Contract would see $9.5b revenue over 18 years from Aphrodite

Cyprus should see a total net revenue of $9.5b from the sale of natural gas from the Aphrodite plot to Egypts' Idku LNG terminal...

Cyprus almost came under EU supervision

Cyprus had almost come under EU supervision due to its excessive deficit after the implementation of the Co-operative Central Bank decision which rocketed the...

Unemployment in Cyprus further decreased to 6.9% in April 2019

Unemployment in Cyprus further decreased to 6.9% in April 2019 (32 000 individuals), down from 7.2% in March 2019 (33 000) and 8.4% in...

IMF: Cyprus’ economic growth remains strong; debt levels, NPLs still a problem

Cyprus' economic growth is gradually decelerating but remains strong, the International Monetary Fund (IMF) said in a news release on Tuesday, while noting the...

Arrivals of travelers increase in April

The arrivals of travelers in April 2019 reached 474,610 compared to 448,228 in April 2018, recording an increase of 5.9%, the Statistical Service announced...

Rents in Cyprus take off

Rents in privileged areas of cities have risen by as much as 70% over the past five years, according to a study carried out...

General Government surplus increases in first four months

The General Government surplus increased to €547,1 mn or 2.5% of GDP between January and April 2019, compared with a surplus of €426,9 mn...

Top Stories

10 person ceiling on gatherings to be lifted in three stages

    The 10 person maximum for gatherings remains in force, but will be relaxed on June 24 and again on July 7, and lifted altogether...

TUI Germany said Greece, Cyprus among its chief travel destinations

  Greece and Cyprus will be among the chief travel destinations for Germany's TUI travel group which launches its programme for 2020 on June 17. Speaking...

Coronavirus is not high threat to workers, EU says, causing outcry

  The European Commission classified the new coronavirus as a mid-level threat to workers, drawing criticism from socialist lawmakers because the move will allow less...

Cyprus’ unemployment in April rises to 8.9%

  Cyprus' unemployment in April rose to 8.9% from 6.7% the previous month and 7.5% in the same month the previous year, according to figures...

Cyprus public debt spikes to €24.5 billion due to Covid-19 crisis

  Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...